KEEP TRADING SIMPLE - AMZYGood Morning,
Today we are reviewing AMZY not only does it offer decent returns through dividend it also follows amazons share price.
As you can see here we have some volume divergence in a bullish placement. The hopes are that we break through the diagonal trend line to create a support which w
Key stats
About Tidal ETF Trust II YieldMax AMZN Option Income Strategy ETF
Home page
Inception date
Jul 24, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
AMZY aims to generate monthly income while providing exposure to the price returns of the Amazon stock (AMZN), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of AMZN by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above AMZN's current share price. This limits participation in potential gains if AMZN shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in Amazon stocks. Thus, investors are not entitled to any AMZN dividends.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.